With the U.S. presidential election approaching, a recent poll indicates that Donald Trump is gaining traction among crypto voters, leading Kamala Harris by 12 points among those who own digital assets. Trump’s outreach to the crypto community appears effective, contrasting with Harris’s limited engagement on digital issues. As the election nears, the significance of crypto voters, who span across political affiliations, cannot be overlooked in this tight race.
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Crypto Politics Heat Up as Candidates Take Stands Ahead of Election
This week, a senior advisor to Kamala Harris indicated that the Democratic nominee would support pro-crypto policies if elected, a statement welcomed by some crypto advocates. Meanwhile, Robert F. Kennedy Jr. suspended his campaign and endorsed Donald Trump, who has actively courted the crypto industry, further energizing discussions around cryptocurrency in the political arena. In a bizarre incident, McDonald’s social media was hacked to promote a scam meme coin, highlighting the ongoing intersection of major corporations and the crypto world.
read morePolitical Shifts in Cryptocurrency Regulation Ahead of November Elections
Donald Trump and Kamala Harris are shifting their stances on cryptocurrency, with Trump now supporting BTC as a Treasury reserve and promising pro-crypto policies if elected. Meanwhile, Harris has hinted at a more favorable approach to crypto regulation, marking a significant change from previous Democratic positions. As the November elections approach, both candidates may influence market optimism despite their past criticisms of the industry.
read moreTrump Gains Ground on Harris in Prediction Market Ahead of Election
Donald Trump has regained a slight edge over Kamala Harris in Polymarket’s betting odds for the 2024 presidential election, with Trump at 53% and Harris at 47%. This shift contrasts with traditional polling, which still favors Harris at 53%, highlighting a growing divergence between prediction markets and public opinion. As political wagers dominate Polymarket’s trading volume, the upcoming election may serve as a test for the effectiveness of these prediction methods compared to conventional polling.
read moreCoinbase Policy Chief Supports Kamala Harris’ Crypto Industry Expansion Efforts
Coinbase’s Chief Policy Officer, Faryar Shirzad, has endorsed Vice President Kamala Harris’ efforts to expand the crypto industry, highlighting productive discussions with her campaign. Senior adviser Brian Nelson stated that Harris will support policies fostering growth in emerging technologies, distinguishing her stance from President Biden’s crypto policies. This endorsement follows calls from industry leaders for clearer positions on digital assets.
read moreKamala Harris to Support Pro Crypto Policies Amid DNC Backlash
Kamala Harris is set to endorse pro-crypto legislation following backlash over the DNC’s exclusion of cryptocurrencies from its platform. Her campaign emphasizes the need for clear regulations to foster innovation and attract investment, contrasting with Donald Trump’s pro-regulation stance. As the election approaches, both candidates are vying for the support of crypto voters amid a growing focus on digital asset legislation in Congress.
read moreKamala Harris Advocates for Crypto Growth with Consumer Protections
Vice President Kamala Harris aims to support the growth of the crypto industry while ensuring consumer protections, as outlined by her campaign adviser Brian Nelson. The approach seeks to balance innovation with necessary regulatory safeguards, addressing concerns from the sector about burdensome regulations. As the election approaches, Harris must clarify her vision to differentiate from former President Trump’s more lenient stance on crypto regulation.
read moreKamala Harris Supports Policies for Cryptocurrency Industry Growth
Vice President Kamala Harris is open to supporting policies that foster the cryptocurrency industry, according to her advisor Brian Nelson. This marks the first official acknowledgment of crypto from the Harris campaign, highlighting a shift in engagement with the crypto community ahead of the upcoming presidential election. Meanwhile, the Democratic National Committee’s platform notably lacks any mention of cryptocurrencies, contrasting with the Republican stance that includes pro-crypto elements.
read moreUS Stocks Rise After Strong Week Ahead of Fed Meeting
US stocks rose after their best week of 2024, with the S&P 500 gaining nearly 4% due to strong economic data reflecting consumer resilience and a stable labor market. Investors are now focused on the Federal Reserve’s upcoming Jackson Hole meeting, where Chair Jerome Powell is expected to adopt a dovish stance amid rising unemployment and better-than-expected inflation. Attention will also be on second-quarter earnings from major retailers like Lowe’s, TJX Cos., and Target.
read moreKamala Harris’s Potential Support for Crypto and Tech Industry Growth
Billionaire investor Mark Cuban believes that Vice President Kamala Harris may be more open to embracing technological innovation and cryptocurrencies than President Joe Biden. Harris’ team has reportedly been engaging with crypto executives to gather input on crypto policies, as she aims to present her agenda at the upcoming Democratic National Convention. Tech industry leaders see an opportunity for Harris to rally support from West Coast tech executives and venture capitalists by addressing issues such as immigration reform for high-skilled workers and clear regulations for artificial intelligence.
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